NOV CEO Clay Williams to retire Jan 1, 2026; Jose Bayardo to succeed as Chairman, President & CEO

NOV Inc.

Clay Williams steps down as Chairman and CEO effective Jan 1, 2026, remaining in advisory role until Feb 28, 2026.
Jose Bayardo, currently President and COO, appointed Chairman, President, and CEO effective Jan 1, 2026.
Bayardo's base salary increased to $950,000; target bonus raised to 125% of base salary effective Jan 1, 2026.
Williams' retirement is not due to any disagreement with the Board or company operations.
Bayardo previously served as CFO (2015-2025) and joined NOV from Continental Resources.

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